and another one experiencing the OH S_IT!! moment from...

and another one experiencing the OH S_IT!! moment from SS.

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http://www.somersoft.com/forums/showthread.php?t=72396

Need some direction - where to from here?
We have hit a wall and can't seem to move anywhere at the moment.

We have 4 properties.

PPOR - 50% variable with ANZ, 50% Fixed at 5.69% till mid September
IP1 - Variable with CBA
IP2 - Variable with ANZ and has just come off IO
IP3 - IO Fixed at 5.69% till mid Sept with ANZ

I have been on maternity leave for 3 years. In this time I have been doing some contract bookkeeping. I have taken on some extra clients in the last couple of months to add some extra income but with 3 kids under 4 I am quite limited at the moment as to how much I can do.

IP2 has just come off a fixed rate and reverted from IO to P & I. I wanted to try and change it back to IO but apparently ANZ will do a full re-assessment and our broker thinks it will be too tight serviceability wise for ANZ to go with it. So although we make all our repayments and P & I repayments are higher than IO would be, he doesn't think ANZ will look at it. Go figure???

I am concerned that when our PPOR and IP3 come off their fixed/IO terms in September that we might actually be starting to stretch ourselves too far if we aren't able to re-negiotate IO terms.